PANews reported on December 9th that, according to Bloomberg, Bullish Aim, a company founded by Johor Crown Prince Ismail Ibrahim, has launched RMJDT, a stablecoin backed by RM100 in cash and short-term government bonds, and plans to issue it on the Zetrix blockchain. RMJDT aims to become the standard for crypto payments in Malaysia, improving transaction efficiency and security. Zetrix provides technology for the state-backed "Malaysia Blockchain Infrastructure" platform. Bullish Aim will also invest RM500 million to establish a digital asset vault to purchase Zetrix tokens.